CryptoCoinsInfoClub.com

Is Litecoin Profitable 2017

4 Reasons Why Litecoin Could Make A Comeback In 2017

4 Reasons Why Litecoin Could Make A Comeback In 2017

4 Reasons Why Litecoin Could Make a Comeback in 2017 - Crypto Hustle 4 Reasons Why Litecoin Could Make a Comeback in 2017 Litecoin used to be a top player in the crypto space, branded as the silver to bitcoins gold. During the 2013 bitcoin bubble, LTC was the #2 market and was highly correlated to the price of bitcoin. In 2013, bitcoin gained +11,000% and litecoin gained +500% over the price of bitcoin during its peak. The price of LTC hit an all time high of around $50 on some exchanges. The last major litecoin rally was during the summer of 2015, when a Chinese LTC Ponzi scheme managed to accumulate at least 20% of the entire supply. Most of that supply was instantly dumped and the LTC/BTC markets have been on a long bear trend since. Litecoin lost its correlation to bitcoin after the summer pump and was left behind during most of the year long BTC bull trend. That said, its USD value has remained somewhat stable and consolidating within a tight range. Although litecoin hasnt been a very good market to trade for most of 2016, its possible that this rock is a sleeping giant ready to rise from its slumber. Here are four reasons why litecoin may hit a bullish trend reversal in 2017. Recently the Peoples Bank of China cracked down on major crypto exchanges. The result being that they stopped all margin trading and have eliminated the zero fees model. This means that Chinese traders can only play in the spot markets and will have to devise entirely new strategies for making profit. The only way to make profit on the spot markets is to buy low and sell high. Traders can no longer short by selling coins they dont have. If they want to be a participant in the crypto markets they need to own some coins. The larger bitcoin bull trend is still intact but likely due for several Continue reading >>

Litecoin Gpu Mining,is It Worth It?

Litecoin Gpu Mining,is It Worth It?

The last days litecoins value is growing,now i want to know is it worth mining for with 3x rx 580 or should i mine ethereum? I would stay out, The difficulty keeps rising (meaning lower profits and longer payback times) and the cards are currently very expensive. You are looking at at least two months on average to pay back a single RX580 (and do not forget the cost of the rest of the system as well) (with ethereum at least), and it is impossible to know if the prices will stay up for that long, or if the difficulty will go up too much to be worthwhile. The time to get in and make a safe profit was really like a month ago or earlier. Are you willing to throw $1000+ on a decent mining system, and three RX 580s and know that they could be very worthless even for resale down the road? Continue reading >>

Gpu Mining: Back In Style?

Gpu Mining: Back In Style?

March 15, 2017 CryptoBadger 36 Comments Yes, its been awhile since Ive posted. =) The GPU mining craze all butdied three years ago with the rise of ASIC hardwarefor scrypt (litecoin) miners. But if the last few weeks are any indication, it looks like we may be in for a major resurgence in popularity. Bitcoin is currently trading at over $1200a roughly 400% increase in the past year. Equallyinteresting is the performanceof a couple alternative cryptocurrencies. Ethereum is at ~$32 (up 300% in the last year), with a market cap of $3 billionabout 15% of Bitcoin! Dash is at $100 (+250% over the last year, with much of that gain in the past week). Dash is based on the X11 algorithm, which means ASIC hardware dominates itsmining sceneand getting your hands on an X11-capable ASIC miner is currently fairly difficult, as theyre mostly sold out everywhere. But Ethereum is exclusivelyminable with modern consumer-grade video cards, and its currently quite profitable to do so. Read on for some back of the napkin numbers regarding Ethereum GPU mining profitability, and some current hardware suggestions. The easiest way to determine if GPU mining is going to be profitable for you is to use a calculator. For this purpose, Coinwarz is extremely popular,though I prefer the clean simplicity of this calculator . Open either link, and you can see that Ive pre-filled values of 150 MH/s, 750 watts, and $0.10/kWh for hashing speed, power consumption, and electricity price respectively. As of the time that this article was published, you could reasonably expect nearly $300/month profit, given these assumptions. Why these assumptions, you ask?Allow me to explain. My preliminary research leads me to believe that the two top options for GPU mining are AMDs Radeon RX 470 and Radeon RX 480 video ca Continue reading >>

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable And Worth It In 2017?

Is Ethereum Mining Profitable and Worth it in 2017? As the price of Ethereum hovers around $300, you may be wondering to yourself whether or not its worthwhile to begin mining. Like Bitcoin, Ethereum is a proof-of-work coin that uses miners to confirm network transactions. The profitability of mining varies from person to person and changes over time usually becoming less profitable as the coin matures. There are three important factors to consider when figuring out if Ethereum mining will be profitable for you: Putting it simply, your mining rig needs to solve a mathematical algorithm to mine Ethereum. The mining difficulty of the network is a measurement of how difficult this algorithm is to solve. The higher the difficulty, the less Ethereum you receive for each unit of energy the GPU on your mining rig expends. As more miners join the network, this difficulty increases. The Ethereum mining difficulty had been steadily increasing since July but recently dropped from a high of ~3,000T to ~1,500T. This dip was caused by the Byzantine fork but isnt as advantageous as it seems. Even though the difficulty decreased, the block reward also decreased from 5 ETH to 3 ETH effectively canceling out any benefit from the difficulty change. You can view the past and current difficulty on the Ethereum network at CoinWarz . The hash rate is the speed in which your mining rig can solve the mathematical algorithm needed to validate a transaction. New miners are constantly entering the market with better and faster hash rates. Theres more to buying a miner than just picking the one with the highest hash rate, though. Miners with a high hash rate usually come with a high price tag. On top of that, they also typically use more electricity as they operate which could further drive your c Continue reading >>

Which Mining Would You Suggest, Bitcoin, Litecoin, Ethereum, Or Another? Which One Is More Profitable For Beginners?

Which Mining Would You Suggest, Bitcoin, Litecoin, Ethereum, Or Another? Which One Is More Profitable For Beginners?

Which mining would you suggest, Bitcoin, Litecoin, Ethereum, or another? Which one is more profitable for beginners? Mining cryptocurrencies is a constantly changing game and what most miners dont seem to take into account is that mining cryptocurrency is a business. In order to be profitable, you need to constantly find new ways to increase your profit or reduce your overhead. Cryptocurrencies are incredibly volatile (especially the smaller market caps) so the price of different cryptocurrencies can swing large percentages in minutes or hours. It isnt uncommon for several different currencies to be the most profitable for a couple hours in the morning and a completely different set of currencies to be the most profitable in the afternoon or evening. You should always be mining what is worth the most. The complexity of the hash rate of any given currency is always changing which either increases or decreases the difficulty of mining any given cryptocurrency which has a direct effect on how much you mine. This means that it is often more profitable to mine one currency in the morning, a different one in the afternoon and yet another different one in the evening. If you would like to know what currencies are the best to mine at the current hash rates and with different hardware types, visit the site, CoinWarz . They are the best site online for comparing the profitability of different cryptocurrencies against each other and with different hardware. It is no longer possible to mine profitably without hardware specifically made for the task. Even with that hardware the margin is very thin, and you will probably not come out ahead unless you know what your doing, dont have any issues, and have cheap or free electricity. If you want to try that hardware can be purchased here Continue reading >>

Is Litecoin Worth Mining?

Is Litecoin Worth Mining?

Quote from: dejames on February 09, 2017, 12:36:19 AM What is the value of Litecoin nowadays and is it worth mining? What are the other types of cryptocurrencies worth mining? I would invite you to read up those forums and do a little research, all the infos are here, give it some time BTC - 1B1RBYkzxiTmrbnFe2vj8EaNPSYftW8186 for tips There are already a lot of virtual currencies generally more than litecoin You can start a virtual currency issue from where it becomes bitcoin If it were me, I would choose the virtual currency instead of the dollar litecoin zcoin I don't think you understand that you need ASIC now to mine Litecoin. You cannot mine it with GPU or CPU (technically you can but...) but whatever it's not profitable to mine in any case. If you support litecoin cause (yeah lol...) just invest in them instead sure it worth, it's profitable as hell these days, just grab some cheap old xeons, and you are ready to go, point to litecoin pool and you're done, but i would preffer to mine bitcoins with this gear, you know much profit though... Litecoin isn't worth mining OP. Use this site to see the most profitable coin: Though do some research on the coin first, because a lot of times the #1 is a shitcoin. Quote from: botmanside on February 09, 2017, 05:53:48 PM sure it worth, it's profitable as hell these days, just grab some cheap old xeons, and you are ready to go, point to litecoin pool and you're done, but i would preffer to mine bitcoins with this gear, you know much profit though... Not only what you said is completely false, you'd also prefer to mine Bitcoins? With some cheap old xeons? There'd be absolutely 0 profit from that. Did you just wake up from 2009? Continue reading >>

Litecoin Beats Bitcoin's Price In 2018: But What Is It? | Fortune

Litecoin Beats Bitcoin's Price In 2018: But What Is It? | Fortune

With digital currency Bitcoin taking the spotlight in 2017, its hard to remember the other cryptocurrencies that have been growing in its shadow. An increasingly-prominent example: Litecoin . The fourth largest digital currency by market capitalization has gone positively vertical this year, with Litecoin prices breaching $320 for the first time Tuesday. Since the start of 2017, Litecoin has risen 7,291% against bitcoins 1,731%. So why the rise? There doesnt seem to be a single eventthough the recent surge in interest surrounding cryptocurrencies may have pushed some investors into becoming more adventurous. Some investors may also think the price of bitcoin is overdoneand are seeking other investment opportunities. Meanwhile, Litecoin only became somewhat easier to purchase earlier this year , with Coinbase adding the cryptocurrency to its listing. One of the several clone cryptocurrencies that stemmed from Bitcoin, Litecoin forked off the Bitcoin ledger in late 2011. It was intended to be the silver to Bitcoins gold: a faster, more lightweight version of the Satoshi Nakamoto-created cryptocurrency. Instead of the approximately 10 minutes it takes for a Bitcoin transaction, a Litecoin transaction only takes 2.5 minutes. While making transactions four times faster, Litecoins creator also Charlie Lee quadrupled the maximum number of coins that can be mined. While bitcoin has a total of 21 million, Litecoin totals 84 million. And the total market value of Litecoin is currently lower: $18 billion to Bitcoins $291 billion. It is the fourth largest cryptocurrency market behind Bitcoin, Ethereum, and Bitcoin cash. The higher number of Litecoins, meanwhile, could make it psychologically more attractive to buy small-ticket items using the cryptocurrency. The vision is always I Continue reading >>

Bitcoin Mining - Can It Be Profitable In 2017? | Finder.com

Bitcoin Mining - Can It Be Profitable In 2017? | Finder.com

Bitcoin mining: Can I make money doing it? Bitcoin mining is an interesting way of trying to make a few bitcoin tokens on the side, but it also serves a very important purpose in maintaining and keeping the bitcoin blockchain secure. Unlike regular fiat currencies (such as US dollars or euros) bitcoin assets are not controlled by a central government or bank and new bitcoin (BTC) cannot be printed and issued like paper money. Instead, bitcoin tokens are introduced into the market via a process known as mining. BTC are awarded to the miners who have solved the math problems necessary to verify bitcoin transactions. In this guide well look at how mining works, why its a necessary component of bitcoin infrastructure, and whether its a good way of making a buck. Whenever a transaction is made in bitcoin, a record of it is made on a block containing other recent transactions, like a page in a ledger. Once the block is full, bitcoin miners compete against each other to verify and validate the block and all its transactions by solving a complex cryptographic problem. The first miner to accomplish this is awarded a set amount of bitcoin, based on the mining difficulty at the time. The verified block is then added to the blockchain, a history of all blocks verified since the beginning of bitcoin, and transmitted to all users of bitcoin so that they can have the latest blockchain. For a more detailed explanation of the blockchain, check out our guide here. At the heart of bitcoin mining lies a hard, mathematical problem. The goal is to ensure that the process of adding a new block to the blockchain requires a lot of work. That helps to ensure that any hacker tampering with the transactions needs not only to mess with the transactions but also win the race of bitcoin mining. SHA- Continue reading >>

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Bitcoin Mining - What Is It And Is It Profitable In 2018? A Beginner's Guide

Last updated on November 24th, 2017 at 08:12 am Before we start, if youre new to Bitcoin mining and dont know what it is watch this short and simple explanation: The short answer would be It depends on how much youre willing to spend. Each person asking himself this will get a slightly different answer since Bitcoin Mining profitability depends on many different factors. In order to find out Bitcoin mining profitability for different factors mining profitability calculators were invented. These calculators take into account the different parameters such as electricity cost, the cost of your hardware and other variables and give you an estimate of your projected profit. Before I give you a short example of how this is calculated lets make sure you are familiar with the different variables: Bitcoin Mining terms you should get to know Hash Rate A Hash is the mathematical problem the miners computer needs to solve. The Hash Rate is the rate at which these problems are being solved. The more miners that join the Bitcoin network, the higher the network Hash Rate is. The Hash Rate can also refer to your miners performance. Today Bitcoin miners (those super powerful computers talked about in the video) come with different Hash Rates. Miners performance is measured in MH/s (Mega hashper second), GH/s (Giga hash per second), TH/s (Terra hashper second) and even PH/s (Peta hashper second). Bitcoins per Block Each time a mathematical problem is solved, a constant amount of Bitcoins are created.The number ofBitcoinsgenerated per block starts at 50 and is halved every 210,000 blocks (about four years). The current number of Bitcoins awarded per block is 12.5. The last block halving occurred on July 2016 and the next one will be in 2020. Bitcoin Difficulty Since the Bitcoin network i Continue reading >>

#1 Best Litecoin Mining Hardware Asics For Scrypt 2017 / 2018 (comparison)

#1 Best Litecoin Mining Hardware Asics For Scrypt 2017 / 2018 (comparison)

Jordan Tuwiner Last updated July 13, 2017 Litecoin hovered around $3 for a long time . Recently, it has surged to $45+ and with that price rise has come renewed interesting in Litecoin and Litecoin mining hardware. This article will cover the best Litecoin mining hardware that is available on the market. Before we jump in, know that you can use a Litecoin mining calculator to try and estimate your possibility of making a profit. You can put in hash rate and estimated electricity costs to try to guess your earnings and profit. The best Litecoin mining hardware on the market right now is probably the Antminer L3+ . It mines at 504 MH/s. The only issue is it does not ship until August or September 2017. Bitmain has always been a trusted Bitcoin mining hardware manufacturer. Lately, however, the company has come under heat for adding a backdoor to their hardware . No malicious intent by Bitmain has been proven, but this is still a risk to be aware of if you buy the hardware. There is a 180-day warranty in case your miner breaks or stops working for some reason. Also note that for this miner or for any other hardware, youll likely need a fan and some other mining equipment so the miner does not overheat. The miner consumes 1.6 Joules per Megahash (MH/s). You can buy the Antminer L3+ directly from Bitmain , or on eBay or Amazon. Litecoin is one of the most liquid cryptocurrencies. After Bitcoin, it is probably the most widely accepted and recognized. Despite this, there are other Scrypt currencies that may be more profitable to mine than Litecoin. This simply means that in USD terms some other Scrypt coin may be more profitable to mine than Litecoin at a given time. This constantly changes, though, since the altcoin markets are very volatile. You can mine a different scrypt Continue reading >>

What Is Litecoin And Why Is Ltc Price Going Up?

What Is Litecoin And Why Is Ltc Price Going Up?

What Is Litecoin And Why Is LTC Price Going Up? {{article.article.images.featured.caption}} Opinions expressed by Forbes Contributors are their own. The author is a Forbes contributor. The opinions expressed are those of the writer. This story appears in the {{article.article.magazine.pretty_date}} issue of {{article.article.magazine.pubName}}. Subscribe Litecoin, an altcoin of the better known cryptocurrency Bitcoin, has soared to the record high of $290.99, a YTD increase of more than 4,000%, as listed on CoinMarketCap . Many are asking why the price of digital currencies has and is rising, whether Litecoins recent price increase is because of Bitcoin and if this bubble will burst. Litecoin is a cryptocurrency that has evolved from Bitcoin after its own popularity in the industry, this alternative, or altcoin has emerged to allow investors to diversify their digital currency package, according to Investopedia . Litecoin is one of the most prominent altcoins and was created by former Google employee and Director of Engineering at Coinbase, Charlie Lee. Litecoin was the first to alter Bitcoin and the most significant difference is that it takes 2.5 minutes for Litecoin to generate a block, or transaction, in comparison to Bitcoins 10 minutes. While this matters little to traders, miners who use hardware to run Bitcoins network cannot switch over to Litecoin. This keeps bigger mining conglomerates away from Litecoin because they cannot easily optimize their profits by swapping to another coin, contributing to a more decentralized experience. Litecoin also has bigger blocks, and more coins in circulation, making it more affordable and swift when transacting, Investopedia explained. As explained above, Litecoin can transact a lot faster than Bitcoin, but there are also a Continue reading >>

How To Mine Litecoin And Other Altcoins

How To Mine Litecoin And Other Altcoins

CoinDesk Launches 2017 Year in Review Opinion and Analysis Series While it is now considered too late for hobbyists without expensive ASIC processors to start mining bitcoins , many of the alternative digital currencies are still well suited for mining on your home PC. In this guide, well take you through all you need to know to start digging up a few litecoins, feathercoins or dogecoins without any costly extra equipment. For the most part, cryptocurrencies employ either SHA-256 or scrypt as their proof-of-work hashing algorithm, but many of the newer currencies have opted for scrypt. Row of Gridseed litecoin miners set up. Copyright: Arina P Habich Scrypt tends to be the more memory intensive of the two however, home PCs with reasonably powerful graphics cards can still mine those cryptocurrencies quite effectively, as there are no dedicated ASICs to compete with yet. Perhaps surprisingly, its still possible to use just your computers CPU to mine some of the digital currencies. This holds true, even if you have only a laptop with integrated graphics; though this may not prove terribly effective and is not a set-up we would recommend. Before you start mining, you will need a wallet to keep your hard-earned coins in (see our guide to storing bitcoin ). A good option is to head to the homepage of the currency you intend to mine and seek out the download link for the default wallet app. If you would like to do more research into litecoin specifically, we have a guide on how to get started. If you find yourself in need of help and advice, most altcoins have community forums, as well as their own subreddit . The majority of wallets are based on the original Bitcoin-Qt client. Be warned, though, that before these wallets are truly usable, you may face a lengthy wait while t Continue reading >>

A Closer Look At Litecoin Mining: Is It Worth Doing?

A Closer Look At Litecoin Mining: Is It Worth Doing?

A closer look at Litecoin mining: Is it worth doing? The era of Bitcoin mining on the GPU is dead. A year ago, a single Radeon graphics card could crank out a reasonable fraction of a Bitcoin in a single day. Today, that same GPU earns a thousandth of a Bitcoin in 24 hours, generating little value while consuming a substantial amount of power. The shift to ASICs for Bitcoin mining mirrors the shift from CPUs to GPUs, but the market isnt content to just turn those mining rigs off not when theres an alternative currency available for which ASIC miners dont exist. That alternative is Litecoin and theres reason to think that buyers have emptied the shelves of AMDs Radeon hardware to build mining platforms. First off, theres the fact that over in the US at least you cant find a high-end Radeon in stock at the moment. Newegg and Amazon.com are both out of stock, while over at Amazon.com, the lowly AMD Sempron 145 a single-core, 2.8GHz chip with a $30 (18) price tag is the fifth most popular CPU. Further proof of this trend is the Litecoin network hash rate, as shown here: Clearly Litecoin miners are coming online, and theyre coming online en masse. Many of these are undoubtedly Bitcoin miners switching over now that GPUs are no longer cost effective, but some of these systems are probably driven by new miners. Litecoin, like Bitcoin, is a cryptocurrency, but its based on scrypt, not SHA-256. Scrypt is a different cryptographic algorithm thats purposefully designed to be difficult to parallelise. While that hasnt stopped it from moving to the GPU, it requires far more memory than Bitcoin mining several gigabytes worth, as opposed to several dozen megabytes. Litecoin confirms transactions faster (every 2.5 minutes, rather than every 10 minutes for Bitcoin) and it contains more Continue reading >>

#1 Best Litecoin Mining Hardware Asic 2017

#1 Best Litecoin Mining Hardware Asic 2017

Litecoin is faster than Bitcoin , and focuses on smaller transactions. There will only ever be 84 million Litecoins mined. Some may disagree, but many draw the comparison that Litecoin is to Bitcoin as silver is to gold. One of the key differences between Litecoin and Bitcoin is the 2.5 minute time to generate a block, opposed to Bitcoins 10 minute block time . For miners, Litecoins different mining algorithm also plays a big part. Litecoin uses script, whereas Bitcoin uses the SHA-256 algorithm. Script relies heavily on lots of high-speed Ram, and is often referred to as the memory hard problem. While Litecoin mining is profitable, it may not be the best idea for those simply looking to acquire currency. If you just want cryptocurrency, it is probably a better idea to buy it. Mining hardware is very expensive, and unless you are mining on a large scale, its hard to turn a profit. For those looking to acquire cryptocurrency, buying Bitcoin is a better investment. Buy $100+ of Bitcoin and get $10 of Bitcoin free. Just click the button below! If you are interested in mining Litecoin, the best Litecoin mining hardware ASIC is probably the Antminer L3+ This miner is the fastest Litecoin mining ASIC on the market today. It can mine at a speed of 504 MH/s with a max power consumption of 800 W. As we have seen with other popular cryptocurrencies such as Ethereum , Monero , Dash , Zcash , and Bitcoin , mining profitability is always directly related with these factors. This Antminer is very similar to the Antminer S9 series. However, it is a bit taller than the S9 and has four hashing boards instead of three. Each hashing board requires two PCI-E power connections and one forward controller. That makes nine power connections total. While mining Litecoin may be profitable, Dash Continue reading >>

Why Bitcoin Miners Should Also Mine Dash, Litecoin, And Zcash

Why Bitcoin Miners Should Also Mine Dash, Litecoin, And Zcash

Rolf Bitcoin , Dash , Zcash bitcoin , dash , ethereum , litecoin , mining , monero , zcash , zclassic 14 There are hundreds of Bitcoin alternatives out there. One term for these is Altcoins, another generic term is cryptocurrency. Its only worth investing money and time into ones that will stay in existence and grow. Just like with any investment, its best to buy at a low price. In some cases that means buying them at a low price on an exchange, and for others its mining them with specially designed computing machines. Running a Bitcoin and Altcoin mining operation, I like to look for Altcoins to mine that are going to go up in value. If I can mine many of them while they are inexpensive and easier to mine, and I keep as many as possible after paying my bills, Ill end up being very profitable. Before delving in Altcoins, its worth looking at Bitcoin. It has a huge installed base. It will be around for a long time. It is the standard and has so far proven to be solid. It does have a few issues that could lead to problems, but these will get worked out. No one wants to kill the goose that lays the golden eggs, and no one that is invested in the Bitcoin ecosystem will actually go so far as to destroy it. Lets discuss that ecosystem, and use that as one of the measures of Bitcoin or an Altcoins viability. There are many people involved in making Bitcoin or an Altcoin (lets just say Coin) work. These include: Creators the ones who come up with the idea and mathematics for how the Coin works. Programmers the people who generate, maintain, and improve the Coin software. Miners the people who operate the machinery that tracks the transactions and maintain the integrity of the blockchain. Mining pool operators They run the mining pools that miners join to get consistent block r Continue reading >>

More in litecoin